Aviva Investors completes third investment under its Spanish BTR platform

Aviva Investors has agreed to forward purchase a 234-unit residential development in Spain from developer Via Agora, as it continues to grow its Spanish build-to-rent (BTR) platform in partnership with Layetana Living.

As part of the agreement Via Agora will act as both developer and contractor for the project, making use of its expertise in sustainable construction and in-house supply chain to manufacture prefabricated facade panels for the development at its factory in nearby Cuenca.

Located in the Valdebebas area of Madrid, a prime multifamily area on the eastern edge of the city, the asset will provide 234 units of high-quality mid-market housing, via a mix of one-, two- and three-bedroom apartments spread across 10 stories and two basement levels.

Overlooking 340 hectares (840 acres) of parkland and views